Rockland County NY SALOON

RestaurantsFor Sale in NY

Listing ID: BAR845 | Broker Listing ID:

Financial & Assets Details

Revenues: $65,000

Cash Flow: $291,998

FF&E: $45,000

Inventory: $5,000

Inventory Inc. in Price: Yes

Square Feet: 1600+/-

About the Business

Year Established: 1975

Employees: 3

Lease Amount: $3,400

Seller Financing: Yes

Business Description

Quaint bar and casual restaurant in a wonderful area of Rockland County New York and priced for a rapid sale. The business has existed for many years and the owner is now retiring after much success. Training and owner financing is available and priced for a quick sale. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. For Qualifications purposes, due to the New York state issued liquor license, this business opportunity and industry requires government licensing approval to purchase or operate in addition to the standard required municipal licenses.

Growth & Expansion

Regarding growth and expansion, the business opportunity can be further expanded with a new operator by improving the local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.

Seller Financing

seller discretionary income, a formal due diligence is recommended.

Market Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Location Details:

The business is located on a commercial avenue with various other active retail businesses. This opportunity is in southern New York, Rockland County, which consists of various highly populated communities with continued demand for this type of food service. This is a long-standing business, the facility which consist of approximately 1,500 square feet and has an old-style appearance.

Support & Training

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the purchaser. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.